Citadel Securities LLC has recently announced that it has increased stake in Jumia Technologies AG (NYSE:JMIA) by 76.68%. After grabbing 0.68 million shares, the institutional investor is now in possession of 0.3 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.68% having worth around $1.92 million. Moreover, SSgA Funds Management, Inc. increased its share by 23588.0 to have a control over 0.44 million shares. And BNP Paribas Arbitrage SNC raised its holdings to 31936.0 shares by acquiring 0.31 million shares or 0.31% of the stake.
Jumia Technologies AG (JMIA) concluded trading on 05/25/23 at a closing price of $2.75, with 2.11 million shares of worth about $5.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.09% during that period and on Thursday the price saw a loss of about -3.51%. Currently the company’s common shares owned by public are about 100.62M shares, out of which, 100.62M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the JMIA stock and their offered price forecasts bring an average price target of $3.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $3.00. The stock’s current price level is 31.25% above of average price target set by the analysts, while a rise to estimated low would result in gain of 8.33% for the stock. However, touching the estimated high of $3.00 would mean a gain of 8.33% for the stock.
Vanguard International Growth Fun, Vanguard Variable Insurance – Int, and Amplify Online Retail ETF are the top 3 mutual funds which are holding stakes in Jumia Technologies AG Vanguard International Growth Fun is currently holding 6.72 million shares of worth totaling $18.96 million. The company recently came buying 0.0 shares which brought its stake up to 6.73% of the company’s outstanding shares. Amplify Online Retail ETF, after buying 0.37 million shares, have now control over 0.37% of the stake in the company. It holds 0.0 shares of worth $1.03 million.
Jumia Technologies AG (NYSE: JMIA) started trading at $2.86, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.8700, or with a loss of -3.51%. Stock saw a price change of -6.14% in past 5 days and over the past one month there was a price change of 7.84%. Year-to-date (YTD), JMIA shares are showing a performance of -14.33% which decreased to -55.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.55 but also hit the highest price of $10.08 during that period. The average intraday trading volume for Jumia Technologies AG shares is 1.74 million. The stock is currently trading -3.39% below its 20-day simple moving average (SMA20), while that difference is down -6.82% for SMA50 and it goes to -38.75% lower than SMA200.
Citadel Securities LLC acquired 0.68 million shares of Jumia Technologies AG having value of about $1.92 million. Data submitted at the U.S SEC by Citadel Securities LLC revealed that the firm now holds 0.3 million shares in the company valued at close to $812597.5, or have control over 76.68% stake in the company. Jumia Technologies AG (NYSE: JMIA) currently have 100.62M outstanding shares and institutions hold larger chunk of about 23.70% of that. Holding of mutual funds in the company is about 9.10% while other institutional holders and individual stake holders have control over 9.12% and — of the stake respectively.
The stock has a current market capitalization of $276.69M and its 3Y-monthly beta is at 2.51. It has posted earnings per share of -$2.45 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JMIA, volatility over the week remained 9.07% while standing at 7.00% over the month.
Analysts are in expectations that Jumia Technologies AG (JMIA) stock would likely to be making an EPS of -$0.36 in the current quarter, while forecast for next quarter EPS is -$0.31 and it is -$0.89 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.36 which is -$0.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.80% while it is estimated to increase by 22.90% in next year.
Analysts at 3 brokerage firms have issued recommendations for the Jumia Technologies AG (JMIA)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.20. Out of those 3 Wall Street analysts, 0 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
